IPO Listing Gains in 2018: Mainboard and SME

Final for 2018: every IPO that listed in the year. Prices as of 25 Oct 2026.

168 IPOs listed on NSE and BSE in 2018: 24 mainboard and 144 SME. Across them, the average listing-day gain was +4.38% (median +1.67%), and 113 of the 167 IPOs with a listing price (67.7%) listed above their issue price.

IPOs listed
168
24 mainboard · 144 SME
Average listing gain
+4.38%
median +1.67%
Listed above issue
67.7%
113 of 167 · 41 below
Total raised
—
mainboard —

Mainboard vs SME IPO listing gains

Mainboard: 24 listings, average +5.26%, median +1.35%, 50.0% above issue price. SME: 144 listings, average +4.23%, median +1.67%, 70.6% above issue price.

SegmentListedAverage gainMedian gainAbove / at / below issueAbove issue
Mainboard24+5.26%+1.35%12 / 1 / 1150.0%
SME144+4.23%+1.67%101 / 12 / 3070.6%
All IPOs168+4.38%+1.67%113 / 13 / 4167.7%

Listing gains by month

By listing date. Averages cover issues with a recorded listing price.

MonthListedAverage gainMedian gainAbove issue
Jan 201811+19.49%+20.00%9 of 11
Feb 201820+3.57%+2.00%10 of 19
Mar 201819+1.45%+0.21%11 of 19
Apr 201826+2.31%+1.16%16 of 26
May 201814+3.28%+0.32%7 of 14
Jun 201813+5.30%+4.75%10 of 13
Jul 201813+1.85%+0.75%11 of 13
Aug 20187+7.59%+0.43%4 of 7
Sep 201813+1.33%+0.37%7 of 13
Oct 201825+4.85%+2.00%22 of 25
Dec 20187+4.42%+2.56%6 of 7

Highest listing-day gains

IPOSegmentListedIssue priceListing priceListing gain
Apollo Micro SystemsMainboard22 Jan 2018₹275.00₹478.00+73.82%
HDFC Asset Management CompanyMainboard6 Aug 2018₹1,100.00₹1,739.00+58.09%
Sun RetailSME16 Oct 2018₹23.00₹36.00+56.52%
E2E NetworksSME15 May 2018₹57.00₹85.00+49.12%
Mahickra ChemicalsSME26 Apr 2018₹25.00₹35.00+40.00%

Lowest listing-day gains

IPOSegmentListedIssue priceListing priceListing gain
U. H. ZaveriSME22 May 2018₹36.00₹27.00−25.00%
Karda ConstructionsMainboard2 Apr 2018₹180.00₹136.00−24.44%
CRP Risk ManagementSME31 Jan 2018₹60.00₹48.00−20.00%
Ashoka MetcastSME5 Feb 2018₹20.00₹16.00−20.00%
ICICI SecuritiesMainboard4 Apr 2018₹520.00₹431.10−17.10%

Every IPO listed in 2018

168 issues, newest listing first. Listing price is the opening price on listing day; current price is the latest close, latest listing 31 Dec 2018.

IPOSegmentListedIssue priceListing priceListing gainCurrent priceSince issue
Deccan Health CareSME31 Dec 2018₹100.00₹108.00+8.00%₹11.93−88.07%
Shankar Lal Rampal Dye-ChemSME24 Dec 2018₹45.00₹46.15+2.56%₹38.53+584.98%
DRS Dilip RoadlinesSME10 Dec 2018₹75.00₹75.15+0.20%₹91.20+21.60%
Diksha GreensSME5 Dec 2018₹30.00₹36.20+20.67%₹1.30−95.67%
Shubhlaxmi Jewel ArtSME4 Dec 2018₹26.00₹27.10+4.23%₹17.90−31.15%
Roni HouseholdsSME3 Dec 2018₹20.00₹20.05+0.25%₹31.35+213.50%
Shree Krishna InfrastructureSME3 Dec 2018₹13.00₹12.35−5.00%₹8.74−32.77%
BCPL Railway InfrastructureSME29 Oct 2018₹35.00₹36.00+2.86%₹60.94+74.11%
Ultra Wiring Connectivity SystemsSME26 Oct 2018₹35.00₹33.10−5.43%₹122.50+250.00%
Iris ClothingsSME23 Oct 2018₹90.00₹92.00+2.22%——
Vivid MercantileSME23 Oct 2018₹51.00₹53.00+3.92%——
S.M. GoldSME19 Oct 2018₹30.00₹30.60+2.00%₹12.74−36.30%
Sun RetailSME16 Oct 2018₹23.00₹36.00+56.52%——
B&B Triplewall ContainersSME15 Oct 2018₹36.00₹37.80+5.00%₹198.02+450.06%
AKI IndiaSME12 Oct 2018₹11.00₹11.05+0.45%——
Shubham PolyspinSME12 Oct 2018₹40.00₹41.80+4.50%₹28.61+57.36%
Marine Electricals (India)SME11 Oct 2018₹66.00₹66.60+0.91%₹394.45+2,888.26%
Vinny OverseasSME11 Oct 2018₹40.00₹40.50+1.25%——
A-1SME10 Oct 2018₹60.00₹61.00+1.67%——
Dolfin RubbersSME10 Oct 2018₹26.00₹27.50+5.77%₹173.50+789.74%
Garden Reach Shipbuilders & EngineersMainboard10 Oct 2018₹118.00₹104.00−11.86%₹1,861.00+1,477.12%
Kritika WiresSME10 Oct 2018₹32.00₹34.10+6.56%——
Silgo RetailSME10 Oct 2018₹36.00₹36.45+1.25%₹68.38+137.43%
Parin EnterprisesSME9 Oct 2018₹63.00₹64.00+1.59%₹702.95+1,015.79%
AAVAS FinanciersMainboard8 Oct 2018₹821.00₹758.00−7.67%₹1,114.10+35.70%
Kshitij PolylineSME8 Oct 2018₹35.00₹35.50+1.43%——
Rajnandini MetalSME8 Oct 2018₹26.00₹35.00+34.62%——
Innovative Ideals and Services IndiaSME5 Oct 2018₹40.00₹43.00+7.50%₹16.50−58.75%
Mac HotelsSME4 Oct 2018₹24.00₹24.60+2.50%₹75.90+216.25%
Manorama IndustriesSME4 Oct 2018₹188.00₹190.20+1.17%——
Sky GoldSME3 Oct 2018₹180.00₹180.45+0.25%₹1,046.85+11,531.67%
Spectrum Electrical IndustriesSME1 Oct 2018₹65.00₹66.50+2.31%₹3,679.80+5,561.23%
Ircon InternationalMainboard28 Sep 2018₹475.00₹410.30−13.62%₹97.62+105.52%
Ahlada EngineersSME27 Sep 2018₹150.00₹141.00−6.00%₹34.49−77.01%
Ranjeet MechatronicsSME26 Sep 2018₹25.00₹27.50+10.00%——
AKG EximSME25 Sep 2018₹31.00₹32.25+4.03%₹9.25−52.26%
Rajshree PolypackSME24 Sep 2018₹120.00₹111.05−7.46%——
Synergy Green IndustriesSME21 Sep 2018₹70.00₹78.00+11.43%₹572.80+718.29%
Lagnam SpintexSME18 Sep 2018₹41.00₹41.000.00%₹89.78+118.98%
Add-Shop E-RetailSME10 Sep 2018₹26.00₹28.20+8.46%₹5.33−39.01%
Sumit WoodsSME10 Sep 2018₹45.00₹47.00+4.44%₹41.30+83.56%
Marshall MachinesSME7 Sep 2018₹42.00₹37.45−10.83%——
Supreme EngineeringSME6 Sep 2018₹27.00₹27.10+0.37%——
Aaron IndustriesSME3 Sep 2018₹38.00₹36.10−5.00%₹121.90+1,247.32%
Dangee DumsSME3 Sep 2018₹74.00₹89.90+21.49%——
Powerful TechnologiesSME28 Aug 2018₹51.00₹48.00−5.88%——
Sungold Media & EntertainmentSME27 Aug 2018₹10.00₹9.75−2.50%₹25.20+152.00%
CreditAccess GrameenMainboard23 Aug 2018₹422.00₹385.00−8.77%₹1,027.40+143.46%
Deep PolymersSME23 Aug 2018₹40.00₹41.90+4.75%₹37.37+63.49%
Tembo Global IndustriesSME13 Aug 2018₹69.00₹69.30+0.43%——
HDFC Asset Management CompanyMainboard6 Aug 2018₹1,100.00₹1,739.00+58.09%₹2,250.00+309.09%
Ushanti Colour ChemSME2 Aug 2018₹60.00₹64.20+7.00%₹199.95+233.25%
Raconteur Global ResourcesSME31 Jul 2018₹80.00₹80.000.00%₹9.66−87.93%
Supershakti MetaliksSME30 Jul 2018₹375.00₹377.10+0.56%₹200.00+6.67%
TCNS Clothing Co.Mainboard30 Jul 2018₹716.00₹715.00−0.14%——
Avro IndiaSME26 Jul 2018₹51.00₹52.00+1.96%——
Ambani OrgochemSME18 Jul 2018₹66.00₹66.65+0.98%₹165.30+150.45%
Raw Edge Industrial SolutionsSME18 Jul 2018₹72.00₹72.10+0.14%₹13.00−78.33%
Rudrabhishek EnterprisesSME13 Jul 2018₹41.00₹41.25+0.61%₹72.41+76.61%
Ganga ForgingSME11 Jul 2018₹21.00₹21.10+0.48%——
Jakharia FabricSME11 Jul 2018₹180.00₹181.35+0.75%₹57.90−3.50%
Rajnish WellnessSME9 Jul 2018₹95.00₹100.00+5.26%——
Varroc EngineeringMainboard6 Jul 2018₹967.00₹1,032.00+6.72%₹764.25−20.97%
Fine Organic IndustriesMainboard2 Jul 2018₹783.00₹815.00+4.09%₹5,050.00+544.96%
RitesMainboard2 Jul 2018₹185.00₹190.00+2.70%₹189.40+155.95%
Accuracy ShippingSME22 Jun 2018₹84.00₹88.00+4.76%——
Priti InternationalSME21 Jun 2018₹75.00₹81.00+8.00%₹31.62+68.64%
Shreeoswal Seeds & ChemicalsSME20 Jun 2018₹26.00₹27.85+7.12%——
Sonam ClockSME14 Jun 2018₹36.00₹37.00+2.78%——
Palm JewelsSME12 Jun 2018₹30.00₹37.50+25.00%₹27.70+25.57%
Waa SolarSME12 Jun 2018₹161.00₹158.00−1.86%₹40.10−50.19%
Nakoda Group of IndustriesSME6 Jun 2018₹35.00₹36.00+2.86%₹35.99+67.10%
Arihant InstituteSME5 Jun 2018₹30.00₹29.95−0.17%——
Debock Sales and MarketingSME5 Jun 2018₹20.00₹20.95+4.75%——
Latteys IndustriesSME5 Jun 2018₹66.00₹68.00+3.03%——
Affordable Robotic & AutomationSME4 Jun 2018₹85.00₹90.05+5.94%₹148.84+75.11%
Shree Vasu LogisticsSME4 Jun 2018₹45.00₹48.00+6.67%₹774.85+2,482.83%
Suumaya IndustriesSME4 Jun 2018₹18.00₹18.000.00%——
Sirca Paints IndiaSME30 May 2018₹160.00₹162.00+1.25%₹409.65+668.09%
Innovators Facade SystemsSME24 May 2018₹72.00₹72.000.00%₹102.00+41.67%
Megastar FoodsSME24 May 2018₹30.00₹30.50+1.67%₹251.69+738.97%
U. H. ZaveriSME22 May 2018₹36.00₹27.00−25.00%₹6.37−70.51%
Five Core ElectronicsSME21 May 2018₹140.00₹140.90+0.64%——
Indostar Capital FinanceMainboard21 May 2018₹572.00₹600.00+4.90%₹162.79−71.54%
Milestone FurnitureSME21 May 2018₹45.00₹45.000.00%₹25.56−43.20%
E2E NetworksSME15 May 2018₹57.00₹85.00+49.12%——
Akshar SpintexSME11 May 2018₹40.00₹40.000.00%——
Godha Cabcon and InsulationSME11 May 2018₹33.00₹31.90−3.33%——
Indo US Bio-TechSME11 May 2018₹51.00₹55.05+7.94%₹63.80+275.29%
Softtech EngineersSME11 May 2018₹80.00₹88.00+10.00%₹412.40+415.50%
Dhruv Consultancy ServicesSME10 May 2018₹54.00₹53.40−1.11%₹19.95−63.06%
Dr Lalchandani LabsSME9 May 2018₹30.00₹29.95−0.17%₹6.96−76.80%
Aakash Exploration ServicesSME27 Apr 2018₹56.00₹55.75−0.45%——
Mahickra ChemicalsSME26 Apr 2018₹25.00₹35.00+40.00%₹242.00+868.00%
Bombay Super Hybrid SeedsSME25 Apr 2018₹60.00₹60.000.00%——
Hardwyn IndiaSME25 Apr 2018₹10.00₹10.000.00%——
Penta GoldSME25 Apr 2018₹37.00₹37.000.00%——
Power & Instrumentation (Gujarat)SME23 Apr 2018₹33.00₹35.00+6.06%₹88.64+168.61%
Narmada AgrobaseSME19 Apr 2018₹32.00₹31.45−1.72%——
MMP IndustriesSME12 Apr 2018₹188.00₹190.00+1.06%₹437.55+249.11%
S.S. Infrastructure Development ConsultantsSME12 Apr 2018₹40.00₹42.95+7.38%——
Soni Soya ProductsSME12 Apr 2018₹25.00₹26.00+4.00%——
Vera SyntheticSME12 Apr 2018₹40.00₹45.00+12.50%——
AVG LogisticsSME11 Apr 2018₹107.00₹113.00+5.61%₹164.40+53.64%
Lemon Tree HotelsMainboard9 Apr 2018₹56.00₹61.60+10.00%₹108.94+94.54%
Taylormade RenewablesSME6 Apr 2018₹35.00₹36.00+2.86%₹56.00+60.00%
Orissa Bengal CarrierSME5 Apr 2018₹30.00₹31.90+6.33%₹55.41+84.70%
Continental Seeds and ChemicalsSME4 Apr 2018₹26.00₹26.000.00%₹9.85−24.23%
ICICI SecuritiesMainboard4 Apr 2018₹520.00₹431.10−17.10%——
Kapston Facilities ManagementSME4 Apr 2018₹92.00₹92.50+0.54%——
Lex Nimble SolutionsSME4 Apr 2018₹57.00₹58.65+2.89%₹85.00+49.12%
Mishra Dhatu NigamMainboard4 Apr 2018₹90.00₹87.00−3.33%₹361.65+301.83%
Benara Bearings & PistonsSME3 Apr 2018₹63.00₹64.00+1.59%₹8.90−85.87%
Giriraj Civil DevelopersSME2 Apr 2018₹100.00₹101.00+1.00%₹41.10+105.50%
Karda ConstructionsMainboard2 Apr 2018₹180.00₹136.00−24.44%——
Mittal Life StyleSME2 Apr 2018₹21.00₹21.000.00%——
Sandhar Technologies LimitedMainboard2 Apr 2018₹332.00₹345.00+3.92%₹456.25+37.42%
Yasho IndustriesSME2 Apr 2018₹100.00₹101.25+1.25%₹3,328.70+3,228.70%
Hindustan AeronauticsMainboard28 Mar 2018₹1,215.00₹1,169.00−3.79%——
Uravi T and Wedge LampsSME28 Mar 2018₹100.00₹102.50+2.50%₹101.28+102.56%
Bandhan BankMainboard27 Mar 2018₹375.00₹485.00+29.33%₹149.89−60.03%
Active Clothing CoSME26 Mar 2018₹65.00₹64.95−0.08%₹88.05+35.46%
Advitiya Trade IndiaSME26 Mar 2018₹15.00₹15.01+0.07%——
Ridings Consulting Engineers IndiaSME26 Mar 2018₹18.00₹18.50+2.78%——
Bharat DynamicsMainboard23 Mar 2018₹428.00₹360.00−15.89%——
Marvel DecorSME23 Mar 2018₹57.00₹57.75+1.32%₹48.20−15.44%
Tara Chand Logistic SolutionsSME23 Mar 2018₹55.00₹49.00−10.91%——
Macpower CNC MachinesSME22 Mar 2018₹140.00₹149.00+6.43%₹1,772.90+1,191.68%
Shreeshay EngineersSME21 Mar 2018₹15.00₹15.25+1.67%₹31.38+109.20%
Inflame AppliancesSME16 Mar 2018₹54.00₹53.35−1.20%₹217.95+505.42%
Sarveshwar FoodsSME15 Mar 2018₹85.00₹83.00−2.35%——
Uniinfo Telecom ServicesSME15 Mar 2018₹55.00₹56.00+1.82%₹10.99−80.02%
East India SecuritiesSME13 Mar 2018₹920.00₹921.90+0.21%——
H.G. Infra EngineeringMainboard9 Mar 2018₹270.00₹270.000.00%₹381.00+41.11%
Hindcon ChemicalsSME9 Mar 2018₹28.00₹33.60+20.00%——
Angel FibersSME6 Mar 2018₹27.00₹28.50+5.56%₹10.00−62.96%
CKP LeisureSME6 Mar 2018₹30.00₹27.00−10.00%——
Banka BiolooSME27 Feb 2018₹115.00₹114.00−0.87%₹65.00+41.30%
Aster DM HealthcareMainboard26 Feb 2018₹190.00₹182.10−4.16%₹644.75+239.34%
Arvee Laboratories (India)SME22 Feb 2018₹61.00₹60.95−0.08%₹189.07+519.90%
Bhatia Communications & Retail (India)SME21 Feb 2018₹150.00₹153.95+2.63%——
Tasty Dairy SpecialitiesSME21 Feb 2018₹45.00₹50.75+12.78%₹3.53−92.16%
South West Pinnacle ExplorationSME19 Feb 2018₹78.00₹93.60+20.00%₹181.71+365.92%
Kenvi JewelsSME16 Feb 2018₹36.00₹35.10−2.50%——
Mohini Health & HygieneSME16 Feb 2018₹42.00₹50.40+20.00%₹28.30−32.62%
Lorenzini ApparelsSME15 Feb 2018₹10.00₹10.20+2.00%——
Sintercom IndiaSME15 Feb 2018₹65.00₹78.00+20.00%₹74.64+14.83%
A and M Jumbo BagsSME12 Feb 2018₹65.00——₹10.60−78.26%
Focus Suites Solutions & ServicesSME9 Feb 2018₹18.00₹21.60+20.00%——
Galaxy SurfactantsMainboard8 Feb 2018₹1,480.00₹1,520.00+2.70%₹2,221.60+50.11%
Gujarat Hy-SpinSME8 Feb 2018₹10.00₹10.35+3.50%₹9.87−1.30%
Medico RemediesSME8 Feb 2018₹100.00₹100.000.00%——
Gautam GemsSME7 Feb 2018₹36.00₹34.15−5.14%₹2.89−85.28%
Vasa Retail and OverseasSME6 Feb 2018₹30.00₹36.00+20.00%₹3.50−88.33%
Ashoka MetcastSME5 Feb 2018₹20.00₹16.00−20.00%₹13.90−30.50%
Shree Ram ProtiensSME5 Feb 2018₹31.00₹28.95−6.61%——
Solex EnergySME5 Feb 2018₹52.00₹43.50−16.35%₹533.00+1,181.25%
CRP Risk ManagementSME31 Jan 2018₹60.00₹48.00−20.00%——
Amber Enterprises IndiaMainboard30 Jan 2018₹859.00₹1,180.00+37.37%₹6,004.50+599.01%
Newgen Software TechnologiesMainboard29 Jan 2018₹245.00₹253.00+3.27%₹454.20+270.78%
Apollo Micro SystemsMainboard22 Jan 2018₹275.00₹478.00+73.82%——
SKS TextilesSME19 Jan 2018₹150.00₹149.90−0.07%——
Silly Monks EntertainmentSME18 Jan 2018₹120.00₹144.00+20.00%₹17.77−67.42%
Jhandewalas FoodsSME12 Jan 2018₹55.00₹66.00+20.00%₹18.57−66.24%
Rithwik Facility Management ServicesSME11 Jan 2018₹50.00₹60.00+20.00%——
Brand ConceptsSME10 Jan 2018₹45.00₹54.00+20.00%₹148.51+230.02%
Moksh OrnamentsSME3 Jan 2018₹37.00₹44.40+20.00%₹8.36+12.97%
Ajooni BiotechSME2 Jan 2018₹30.00₹36.00+20.00%——

Methodology

  • Covers every IPO whose shares were listed on NSE or BSE between 1 Jan 2018 and 31 Dec 2018, mainboard and SME, one row per issue. An issue listed on both exchanges counts once.
  • Listing-day gain is the listing price (the price at which the shares opened on their first trading day) over the final issue price. The current price is the latest close; the return since issue is adjusted for any split or bonus after listing.
  • Averages, medians and the share above issue price cover issues with a recorded listing price; an issue without one is counted in the listings total but not in the averages.
  • Mainboard and SME are the two exchange segments; together they make up the total. An issue withdrawn before listing (no shares allotted or traded) is not counted, even if a listing date had been announced.
  • Issue size is the total offer in ₹ crore as disclosed. Subscription is the overall times subscribed at the close of bidding.

Past listing-day performance says nothing about how a future IPO will list or trade. This is historical data, not investment advice and not a recommendation to apply for, buy or sell any security. Tapetide is not a SEBI-registered research analyst or investment adviser. Markdown version.